COMMENT | The latest reports from China show that real estate developer Dalian Wanda Group, headed by Wang Jianlin, ostensibly the richest man in China, is in a hurry to sell more than 76 hotels that it owns to raise US$9.3 billion.
Indeed, South China Morning Post reported that "Wanda will sell 76 hotels under its eponymous brand, along with 91 percent equity in 13 theme parks and projects classified as culture and tourism to Sun Hongbin’s Sunac China for 63 billion yuan (US$9.3 billion), according to an announcement on the seller’s website.
"The sale includes the US$6 billion Harbin Wanda City, the resort featuring the world’s biggest indoor ski slope that opened two weeks ago."
While Wanda has found a buyer in China, this raised the question if Wanda is "Wandan", which in Chinese means "finished", "kaput", or "all done in".
This brings us to the issue at hand - does Prime Minister Najib Abdul Razak know what he is doing?...